Lifehouse of Houston Inc

Analysis

Lifehouse of Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifehouse of Houston Inc reported income of $1.9m and spending of $1.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lifehouse of Houston Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include St Cyprians Episcopal School ($1.9m), Rocky Mountain Behavioral Health Inc ($1.9m) and Montgomery County Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $134k (11% of expenses). Other salaries and wages came to $413k. It paid $20k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $51k, net assets of $3.3m. It reported 12 employees.